Amazon.com Shares Fall 5% On Earnings Miss

By Markets MarketWatch Pulse

Shares of Amazon.com Inc. fell more than 5% late Thursday after the e-commerce giant reported earnings below analyst expectations and sales that were merely in line with forecasts. Amazon.com said it earned $252 million in the third quarter, or 52 cents a share, compared with $79 million, or 17 cents a share, in the third quarter of 2015. Sales rose 29% to $32.7 billion, compared with $25.4 billion a year ago, the company said. Analysts polled by FactSet had expected the e-commerce giant to report earnings of 77 cents a share on sales of $32.69 billion. Shares of Amazon.com had ended the regular trading session down 0.5%.

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